Word: teche
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...rally may yet come. As noted, the bulls can make a case, one largely hinged on lower interest rates. But for now, rates are steady, and the bears are in control. Long-term investors may want to start building positions. Don't be surprised, though, if tech bellwethers sink more before a sustained recovery. That's especially true of those with rich valuations like Cisco and fiber-optics darlings Corning and JDS Uniphase...
...there that day. Even as Bush talked, he was working the crowd with his eyes, and couldn't help noticing one guy in particular whose head was bearing down on a note card. It was John Doerr, founder of TechNet, the new pipeline to Washington for high-tech California political money. Doerr was a Gore man, but he was taking down W.'s lengthy riff on education because he was impressed with it and realized that this guy could be a competitor for the hearts and dollars of Silicon Valley. By the time the candidate hit his stride, the venture...
With George W. Bush possibly sustaining a lead of fewer than 400 votes after last week's statewide recount, the outcome in Florida, and thus the nation, has shifted to the most low-tech of fronts. Everything hinges on the absentee votes still drifting in from abroad, which are not expected to be fully counted until this Friday. Even more important, because they could easily reverse Bush's narrow lead, are the manual recounts that have been approved by local electoral commissions in Palm Beach, Broward and Volusia counties...
...India's prowess in information technology isn't a new phenomenon. For years, the southern city of Bangalore has been a high-tech oasis where Indians write code for international tech giants and export software to the world. But the Net promises to push the IT boom into India's mainstream. Cities like Hyderabad, Bombay and New Delhi are promising telecom links and tax holidays to prospective business investors. "India always had the talent, but with the Internet, we've found the delivery mechanism to transport this talent around the globe," says Prakash Gurbaxani, who set up his own dotcom...
...beneficiaries of that backwardness is the U.S., which has attracted top-flight Indian techies and entrepreneurs with minimal effort to feed its hungry high-tech sector. But the Internet has begun to sneak through the barriers India erected against the outside world. Now the largest national pool of engineering talent in the developing world, a good proportion of which speaks English, is able to set up shop at home. Those engineers' underemployed sisters and cousins have proved willing to work cheaply at a new crop of labor-intensive jobs made possible by the distance-bridging technology of the Net. "Finally...